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September 19, 2006

FSAok AnyCard Makes FSA Purchases "Painless"

Tags » Health Savings Accounts  » Comments (0)

Finpago and WageWorks have announced the FSAok AnyCard that automatically selects prescription and over-the-counter medication purchases at participating merchants and submits them for reimbursement when paid for with a card registered to participate in the program.

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A Look At India's PayMate's SMS-based Mobile Payments

Tags » India, Mobile Payments, PayMate  » Comments (0)

Priyanka Joshi writes from New Delhi for the Business Standard about PayMate's new mobile payment service. Joshi quotes PayMate's founder and managing director Ajay Adieseshann who says he "wants 100 million mobile subscribers, but is aware that critical mass must first be acquired. We are willing to wait - and remain committed to our goal of being the Visa/Electron of the mobile payment world."

Image Exchange Accelerates Funds Availability

Tags » Bank Technology, Check Imaging, Checking Accounts  » Comments (0)

Fiserv has announced that a growing number of U.S. financial institutions have discovered significant increases in one-day funds availability along with lowering labor costs by deploying its Virtual Item Exchange (VIE).

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Identity Theft Task Force Announces Interim Recommendations

Tags » Authentication, Biometrics, Identity Theft  » Comments (0)

The Department of Justice has announced that the President’s Identity Theft Task Force has adopted interim recommendations on measures that can be implemented immediately to help address the problem of identity theft. The Identity Theft Task Force, which was established by Executive Order of the President on May 10, 2006, and is now comprised of 17 federal agencies and departments, will deliver a final strategic plan to the President in November.

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P2Pizza On Your Mobile Phone

Tags » Mobile Payments  » Comments (0)

Cyphermint has teamed up with a hometown pizza place - Chris' Pizza of Marlborough, Massachusetts - to conduct what it believes to be the first mobile payment featuring a home delivered pizza purchased with the mobile payment method "P2Pizza".

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PayPal: The Good, The Bad and The Ugly

Tags » ECommerce Payments, PayPal  » Comments (0)

Rich Brooks of flyte new media blogs for MaineToday.com about PayPal, its good, not so good, and "ugly" attributes. Brooks concludes that "for many people the flexibility and simplicity PayPal offers is too good not to consider. Although it may not be right for everyone, it's an inexpensive, effective tool for many."

Garanti Bank Deploys Mobile Phone-based Second Factor Authentication

Tags » Authentication, Mobile Banking, Online Banking  » Comments (0)

VASCO Data Security International has announced that Garanti Bank in Turkey will use VASCO's Digipass for Java Phone strong authentication with its retail customers. Garanti Bank already uses VASCO's hardware Digipass 260 for corporate banking. Garanti's retail customers will have the choice between the software Digipass for Java Phone or the Digipass 260.

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Yodlee Announces BillPay Account Accelerator

Tags » Bill Payment, Yodlee  » Comments (0)

Yodlee has announced the Yodlee BillPay Account Accelerator, a new service that "removes the hassles of canceling an existing bill pay service and setting up payments all over again with a new bill pay provider." Yodlee also says that the service "frees the 40+ million online bill payers to choose the service that’s best for them, and enables financial providers with differentiated bill pay services to capture a greater share of the fast growing bill pay market."

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NFC Turns Phone Into A Wallet

Tags » Mobile Payments, Near Field Communication (NFC)  » Comments (0)

David Carey reports for EE Times on how a "near-field communication device turns a Nokia cell phone into a practical tool in commercial and industrial settings for tracking assets, transmitting small data files or even auto-launching various phone-based tasks or requests" - and that "NFC technology has the ability to support what may be the most compelling application of all: a wallet in your handset."

Who's News - Payments Professionals Management Changes

Tags » Announce Yourself!  » Comments (0)

We have received news of the following recent management changes:

  • Akshay Sharma has been named assistant vice president, marketing, PR and brand development at PayMate India.
  • Bruce Shirey has been named Chief Operating Officer of Way Systems. Also at Way Systems, John Mannix has been named Senior Director and Chief Information Officer and Bret Baumann has been named Director of Distribution Channels.
Announce yourself! Have you recently taken on a new position in the payments industry? If you'd like to share the news with your colleagues, be sure to tell us about it.

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